Canopy Mortgage, LLC Mortgage Lending & HMDA Data, 2018
In 2018, Canopy Mortgage, LLC of Lindon, UT reported 2,380 mortgage applications totaling $550.6 million, up 8% from 2017. The average application was for $231,344, and applicants reported an average income of $43,723. 39% of its applications resulted in an originated loan and 16% were denied.
| Mortgage Company & Address | Canopy Mortgage, LLC 360 Technology Court Ste. 200 Lindon, UT 84003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 2,380 |
| Total Mortgage Loan Application Amount | $550,600,000 |
| Average Mortgage Loan Application Amount | $231,344 |
| Highest Mortgage Loan Application Amount | $1,205,000 |
| Average Applicant Income | $43,723 |
| Highest Applicant Income | $700,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Canopy Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Canopy Mortgage, LLC in 2018
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 1,487 | $314,585,000 | $211,000 | $935,000 | $35,000 | $263,000 |
| Home Purchase | 704 | $192,110,000 | $272,000 | $1,205,000 | $61,000 | $700,000 |
| Refinancing | 189 | $43,905,000 | $232,000 | $845,000 | $48,000 | $349,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,203 | $283,455,000 | $235,000 | $1,205,000 | $48,000 | $700,000 |
| Not Provided | 906 | $207,630,000 | $229,000 | $1,095,000 | $38,000 | $420,000 |
| Black or African American | 118 | $23,480,000 | $198,000 | $575,000 | $35,000 | $225,000 |
| Hispanic | 67 | $15,015,000 | $224,000 | $555,000 | $8,000 | $84,000 |
| Asian | 22 | $5,540,000 | $251,000 | $635,000 | $21,000 | $264,000 |
| American Indian or Alaskan Native | 14 | $2,810,000 | $200,000 | $355,000 | $9,000 | $41,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $265,000 | $265,000 | $265,000 | $3,000 | $3,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,256 | $311,270,000 | $247,000 | $1,205,000 | $53,000 | $700,000 |
| VA-guaranteed (Veterans Administration) | 643 | $145,555,000 | $226,000 | $725,000 | $29,000 | $246,000 |
| FHA-insured (Federal Housing Administration) | 473 | $91,815,000 | $194,000 | $555,000 | $37,000 | $186,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,960,000 | $245,000 | $315,000 | $47,000 | $81,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 1,067 | $248,565,000 | $232,000 | $1,205,000 | $38,000 | $700,000 |
| Loan Originated | 933 | $224,135,000 | $240,000 | $945,000 | $54,000 | $549,000 |
| Application Denied By Financial Institution | 370 | $75,820,000 | $204,000 | $1,005,000 | $32,000 | $349,000 |
| Preapproval Denied by Financial Institution | 10 | $2,080,000 | $208,000 | $455,000 | $6,000 | $18,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 2,000 | $472,700,000 | $236,000 | $1,205,000 | $46,000 | $700,000 |
| Debt-To-Income Ratio | 172 | $37,050,000 | $215,000 | $725,000 | $22,000 | $169,000 |
| Credit History | 99 | $19,465,000 | $196,000 | $505,000 | $36,000 | $349,000 |
| Other | 53 | $9,915,000 | $187,000 | $715,000 | $40,000 | $186,000 |
| Collateral | 30 | $5,430,000 | $181,000 | $325,000 | $39,000 | $210,000 |
| Employment History | 9 | $1,555,000 | $172,000 | $315,000 | $28,000 | $145,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $2,220,000 | $277,000 | $1,005,000 | $48,000 | $135,000 |
| Unverifiable Information | 7 | $1,845,000 | $263,000 | $355,000 | $62,000 | $154,000 |
| Credit Application Incomplete | 2 | $420,000 | $210,000 | $275,000 | $68,000 | $76,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Canopy Mortgage, LLC's 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Canopy Mortgage, LLC's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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